Sep 28, 2010 5:30pm PDT
afford it. get california working again-for all of us. >> couric: tonight, losing ground. the dramatic impact of the recession, americans making less than a decade ago, living in homes that have fallen in value. i'm katie couric. also tonight, can president obama recapture the magic? in 2008 he inspired the young to vote in droves. can he get them back to the polls in november? and faith and knowledge in this one nation under god, many americans know surprisingly little about religion. >> we're a nation of religious illiterates. captioning sponsored by cbs from cbs news world headquarters in new york, this is the "cbs evening news" with katie couric. >> couric: good evening, everyone. the recession may be officially over, but it has left the confidence of americans badly shaken. and numbers just out from the government today show why. since the recession began, household incomes have fallen nearly 3% to just over $50,000. adjusting for inflation, americans are making $4,000 less than they were a decade ago. and their biggest investment, their home, has lost nearly 6% of i
Sep 28, 2010 7:00pm EDT
of the income generated in the u.s. that's up from 49.7% in 2007. and the poorest 20% earn only 3% of the country's income. the great divide is a college degree. the unemployment rate for college graduates is less than 5%. for those with just a high school diploma, it's more than 10%. and according to another study, the median income for a college grad-- nearly $56,000-- is more than double that of workers who finished only high school. >> low-skill labor is really in trouble in this economy. the demand for their services is shrinking like crazy. the traditional ways that they moved into the middle-class-- manufacturing, construction-- are dead in the water. >> reporter: and that income gap may only grow wider even as the economy recovers because the top end usually recovers faster than the bottom. katie? >> couric: anthony mason, thank you, anthony. and jobs are the big issue in the midterm elections. election day, by the way, is five weeks away, but early voting is already under way in seven states. with control of congress at stake, president obama hit the campaign trail today.
Sep 22, 2010 7:00pm EDT
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